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Research and Markets: Global LED and Smart Street Lighting: Market Forecast 2014-2025
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  • By 2025, the LED streetlight market alone is projected to cumulatively reach $57.8 billion

    There are currently 281.4 million total streetlights in the world. This number will grow to 339.9 million total streetlights by 2025. The streetlight market is currently undergoing a period of change where legacy streetlights are being replaced with new and more efficient LED or solid-state lighting technology.

    Taking this new technology a step further, these LED streetlights are also being networked together with communications to become smart streetlights. This study analyzes and forecasts the global market for both LED and smart street lighting through 2025.

    LED streetlights will transform cities and municipalities across the globe over the next decade. LEDs offer longer lifetimes, lower energy consumption, and reduced maintenance expenses when compared with legacy streetlight technologies. In most developed countries, LEDs are already an economically beneficial alternative to existing streetlights over a period of years when energy savings are considered, despite their higher upfront cost. But in the coming 2-4 years, LED streetlights are expected to reach cost parity with legacy technologies, making their benefits to costs immediately positive.

    At this point, they will make sense as replacements in almost all countries. With many emerging market countries rapidly urbanizing and in need of improved urban infrastructure, this creates an enormous market opportunity. . But LEDs are not the sole element in modernized public lighting. Networked smart streetlights help cities further reduce costs through off-peak dimming and reduced maintenance expenditures. As the costs for networked streetlights also rapidly decline, these smart streetlights will find a growing role in cities and municipalities across the globe.

    In many developed countries, they will serve as part of larger smart city concepts, where communications networks can be used to link items such as power and water meters, streetlights, traffic lights and parking meters. Smart streetlights also greatly improve safety conditions in a city by reducing the down time of streetlights. As soon as streetlights expire, officials are notified, so streets rarely go without lighting. In many emerging market metropolises that are managing rising street crime, this will be a particularly strong benefit.

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